The deal is stirring up concerns in Calgary, which is home to the most corporate headquarters in Western Canada, and where the presence of local players such as Shaw and WestJet had previously been held up as proof that non-oil and gas sector companies can be built into large corporations in oil-rich Alberta. That pitch has eroded in recent years. In 2019, Toronto-based Onex
“Fundamentally, this combination of two great companies will create more jobs and investment in Western Canada, connect more people and businesses, deliver best-in-class services and infrastructure across the nation, and provide increased competition and choice for Canadian consumers and businesses,” Rogers CEO Joe Natale said in a release.Rogers CEO Joe Natale
“We’re trying to diversify our economy and telecom is one area that is not oil and gas. They made comments about hiring more people in Western Canada to try to appease that but when you have a headquarters that isn’t here, there are some risks attached to that,” said Martin Pelletier, managing director and portfolio manager at Wellington-Altus Private Counsel in Calgary.
This move must be blocked. Rogers will have a monopoly